Ethics for Accountants: Minnesota
Credit Hours: 8
Field of Study: Regulatory Ethics
Final Exam Questions: 40
Requires Prerequisites or Advanced Preparation: No
Delivery Method: Online .PDF
Upon successful completion of this course participants should be able to be knowledgeable and apply standards for:
- Define ethics in the context of being ethical versus acting ethically.
- Identify the types of accounting services in which the fiduciary standard applies.
- Recognize the circumstances under which conflicts of interest can arise when a variety of accounting services are offered by a CPA or firm.
- Differentiate between rules-based, principles-based, and objectives-oriented accounting.
- Recognize the recent developments in reporting and standards-setting for small and medium-sized businesses and firms conducting business overseas.
- Interpret recent ethical inquires received by the AICPA.
- Recognize the primary components that serve as the foundation of the AICPA ethical standards.
- Distinguish between the AICPA Principles of Professional Conduct.
- Distinguish between the AICPA Rules of the Code of Professional Conduct.
- Define the key terminology used in the Statutes and Rules.
- Recognize the primary requirements and procedures for renewal of Minnesota individual licenses and firm permits.
- Define the enforcement procedures of the Board with respect to violations of the rules by licensees and firms.
- Define the continuing professional education requirements for licensees.
- Recognize the requirements for peer review.
- Define the rules with respect to professional conduct